Reported as a scam / unregulated
Why FLATTRADE is on the register
FLATTRADE claims to be an online brand of Fortune Capital Services P Ltd, a company that has authorization and memberships in several authorities, including: 1) The Securities and Exchange Board of India (SEBI); 2) The Multi Commodity Exchange of India Limited (MCX); 3) The National Stock Exchange of India Ltd (NSE). However, please be informed that none of the above authorities issues licenses for forex trading or regulates entities engaging in forex services. That means FLATTRADE is not under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.